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The US Cost of Living Crisis 2023-2025
02/24/2025
Cost of Living Crisis and huge gaps in income and wealth between the top 20 percent and the bottom 80 percent aggravate standards of living in America in a way not seen since the Second World War. About 45% increase in prices on cars, used cars, car repairs, housing rentals and groceries, in many household expenses, since 2019. Incomes of workers not having kept up with this kind of spiralling inflation. This is upending the social compact and leading to loss of faith in governments in the US and Europe. Change in governments in UK, France, Germany, and the US and a sense of unease among people.
Grouped Articles
Even Disney Is Worried About the High Cost of a Disney Vacation
WSJ 02/09/2025
Income and Wealth Gaps US 2025- Top 10 percent support 50 percent of consumer spending in 2024
02/24/2025
Top 20 percent in the US have $1.2 trillion in excess income savings and increased Net Worth to $35 trillion from 2019 to 2025. Bottom 80 percent have about $300 billion in excess income savings and increased Net Worth to $14 trillion in that period.
Grouped Articles
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/2025
Mitch MConnell, Mike Johnson, Pat Schumer and the effort to get Ukraine Aid passed through the US Congress in April 2024
04/26/2024
At a critical juncture which Lyrarc compared to the 1948 effort by Harry Truman to get Congress to support aid to Greece and Turkey. Devastated by the war Greece and Turkey's democracies faced an imminent threat from a Communist takeover supported by the Soviet bloc. Ukraine was at a critical juncture in the war with Russia when Biden met Republican Speaker Mike Johnson at the White House with Mitch McConnell and Pat Schumer in Feb 2024. Schumer said a lot of the credit goes to McConnell to convince 31 Republican Senators a majority of his caucus to support Ukraine Aid at a critical moment.
Grouped Articles
Aid to Ukraine seemed dead. Then secretive talks revived it.
Washington Post 04/25/2024
Bucking G.O.P. Isolationists, McConnell Was Linchpin in Winning Ukraine Aid
NYTimes.com 04/24/2024
‘Kharkiv Is Unbreakable’: A Battered City Carries On
NYTimes.com 04/24/2024
Opinion | Ukraine Aid in the Light of History
NYTimes.com 04/24/2024
Senate Approves Aid for Ukraine and Israel, Sending It to Biden’s Desk
NYTimes.com 04/24/2024
Speaker Johnson’s Ukraine Package Clears Key Hurdle With Democratic Help
WSJ 04/19/2024
Municipal bond issuance by local governments and states in the US- 2010-2012
11/18/2010
Grouped Articles
California Bond Woe Bodes Ill for States
Wall Street Journal 11/18/2010
The Weak Get Weaker as Muni Bonds Are Sold Off
Wall Street Journal 12/19/2010
Pained Muni Investors Cry Uncle
Wall Street Journal 12/22/2010
Recession-bruised states' revenue sank 30 percent in 2009, Census Bureau reports
Washington Post 01/05/2011
Bond Buyers' Eyes Are on Illinois
Wall Street Journal 01/07/2011
Illinois Deficit Leads to Talk of Big Tax Increase
New York Times 01/09/2011
Efforts to achieve Rebalancing of the World Economy in 2010-2012.
11/07/2010
Grouped Articles
As Global Economy Shifts, Companies Rethink, Retool
Wall Street Journal 11/07/2010
Steven Pearlstein - After years of imbalances, a painful reckoning
Washington Post 11/11/2010
Don't Bank on China 'Rebalancing'
Wall Street Journal 01/20/2011
Canada's Carney, Ahead of G-20, Presses China and Europe to Step Up
Wall Street Journal 02/25/2012
China Speeds Economic 'Transformation'
Wall Street Journal 03/06/2012
The Republican Party in the U.S. in 2010-2012
10/21/2010
Grouped Articles
New York Times 10/21/2010
Economist 10/23/2010
Tea party antics could end up burning Republicans
Washington Post 10/28/2010
In Senate Races, New Republican Blood Is Mostly Old
New York Times 10/29/2010
New York Times 11/01/2010
Democratic Coalition Crumbles, Exit Polls Say
Wall Street Journal 11/03/2010
China's car market in 2010-2012
08/24/2010
Grouped Articles
Renault to Focus on Building SUVs in China
Wall Street Journal 12/16/2013
China Traffic Jam Could Last Weeks
Wall Street Journal 08/24/2010
Auto Makers Face Twists in China's Open Road
Wall Street Journal 09/10/2010
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/2010
China Warns of Car-Market Slowdown
Wall Street Journal 04/19/2011
China Carmakers Told to Seek Fuel Efficiency, Not Sales
New York Times 09/04/2011
Mexico's Automobile Industry in 2010-2012
06/24/2010
Grouped Articles
Mexican Auto Production Sets Record in April
Wall Street Journal 05/07/2015
BusinessWeek 06/24/2010
Despite Violence, Mexico Plants Hum at Border
New York Times 07/10/2011
Mexico’s economy: Making the desert bloom
Economist 08/27/2011
Mexico Economy Withstands Drug War
Wall Street Journal 11/23/2011
China's Export Pain May Be Mexico's Gain
Wall Street Journal 02/06/2012
The U.S. housing market in 2010-2013
05/27/2010
According to Karl Case its basically flat in 2010 and quite fragile, with a lot of inventory out there. By 2012 the situation had not changed much, except for Washington D.C. with growth in employment, and a small spurt in 2011 in Phoenix from out of state and Canadian buyers. Prices in Las Vegas and other cities continued to decline and there were fears of more homes being released by banks from foreclosed properties in judicial states such as Florida.
Grouped Articles
Housing Rebound Grows as Prices Climb Sharply
Wall Street Journal 05/09/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/2013
Economic Casualties: 'Missing Households'
Wall Street Journal 07/22/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
Electricity and Power Development in China.
04/29/2010
China's generation of electric power shiud surpass the USA's by 2012. With lowcost capital from state run banks and help from the government electricity gerneration is growing rapidly in China.
Grouped Articles
Wall Street Journal 06/06/2013
Economist 04/29/2010
Wall Street Journal 04/13/2015
China Fires Away at Coal Power
Wall Street Journal 05/14/2015
Wall Street Journal 07/18/2010
India Deal Puts China in GE's League
Wall Street Journal 10/28/2010
How the Toyota Recalls benefit Detroit and other carmakers followed by the reemergence of Toyota globally in 2012-2014
02/11/2010
Grouped Articles
Wall Street Journal 05/08/2013
Toyota Bounces Back With Strong Profits
New York Times 05/08/2013
Toyota Gains in Mixed Month for U.S. Auto Sales
Wall Street Journal 04/02/2015
With Toyota in Trouble, Rivals Gain
New York Times 02/11/2010
Toyota may fall in sales ranks.
Detroit News 02/12/2010
Bill Ford's challenge: stay lean, hungry, and innovative.
Detroit News 02/12/2010
The economy of China in 2010-2012
12/30/2009
Hazards and prospects.
Grouped Articles
Three Hurdles for China in the Year of the Tiger
New York Times 12/30/2009
Why the Chinese don’t spend : The New Yorker
New Yorker 01/04/2010
China Dethrones Germany as Top Goods Exporter
Wall Street Journal 01/06/2010
China Aims to Transform a Nation of Savers Into Spenders
Wall Street Journal 01/07/2010
China Sees Growth Engine in a Web of Fast Trains
New York Times 02/13/2010
BusinessWeek 04/14/2010
Ireland in 2010-2012
01/04/2009
Grouped Articles
The New Generation Leaving Ireland
BusinessWeek 02/11/2010
Hardships Linger for a Mending Ireland
New York Times 12/11/2013
Cost of Irish Default Insurance Hits New Record
Wall Street Journal 11/04/2010
Wall Street Journal 11/05/2010
Ireland's Next Blow Could Be Home Loans
Wall Street Journal 11/09/2010
Ireland's Fate Tied to Doomed Banks
Wall Street Journal 11/10/2010
Why cost of living is destroying the social compact in the US and Europe and upending governments in 2024-2025
02/24/2025
Used car prices are up 45% since 2019 putting used cars at average price $28000. It is not a discretionary cost, one needs a car to get to work in the US. There are cases of young people not able to pay soaring repair costs quitting work without transport. This is why there was so much discontent in 2024 after supply shocks and price gouging pushed up prices in 2024. Another factor evident in airline ticket pricing was demand and the excess income of the top 20 percent. In housing and apartment rentals supply shortages pushed up prices, demand and excess income of the top 20-30 percent pushed up prices beyond the reach of the rest, higher interest rates made it unaffordable to buy a home for most Americans.
Grouped Articles
Why There Is No Relief Ahead for High Used-Car Prices
WSJ 02/15/25
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/25
The week Kamala Harris became the 2024 Democratic nominee in 48 hours
07/25/2024
The two tumultuous weeks in July 2024 started with a sniper shooting at the former president, followed by the Republican Convention within days. The president's address calling for calm, Trump's 90 RNC address which rambled to veer off course. Second thoughts about Trump and Biden's age and calls by Democrats for Biden to withdraw after the faltering delivery in the debate. Biden has Covid and isolates for a few days. On July 22 around 1.45 pm Biden puts out a letter on X (Twitter) that he is withdrawing and giving his full support to Kamala. Within hours Harris has overwhelming support. The next day morning Harris has secured the delegates needed. By the 24th in 48 hours she has raised $250 million for the campaign and about 100,000 volunteers. A dizzying pace for 48 hours that riveted the attention of the American people and the world.
Grouped Articles
With Speech to Teachers, Harris Waded into a Fiery Education Debate
NYTimes.com 07/25/24
Kamala Harris: A woman of firsts – DW – 07/23/2024
dw.com 07/25/24
‘Capable’ Harris and Biden’s legacy: key takeaways from the president’s address
The Guardian 07/25/24
Biden Says He Will ‘Pass the Torch’ to Harris in Oval Office Address After Ending Campaign
WSJ 07/24/24
Opinion | Kamala Harris Confounds the Republicans
WSJ 07/24/24
President Biden Addresses the Nation
YouTube 07/25/24
America has forgotten it is American workers who built America
09/28/2023
Entry level tier wages for auto workers at $17 an hour in 2022 as the UAW union goes on strike in 2023. At $34,000 a year entry level young auto workers make less than the $35,000- 40,000 a year for families set as the Federal Poverty Level by the Department of HHS. Lincoln and TR-FDR would see this as outrageous as American workers built American factories and America since the Industrial Revolution. America has forgotten its workers and worker's families, worker's children. Two thirds of children with the vast majority from the workers families not able to pass ACT reading comprehension at the 4th grade, and 50 % of retired people having zero savings. Not the America of Lincoln or TR-FDR.
Grouped Articles
Trump’s pitch for autoworker votes in car heartland is short on autoworkers
The Guardian 09/28/23
Biden Joins Autoworkers on Picket Line in Michigan
NYTimes.com 09/27/23
Biden Joins UAW Picket Line Ahead of Trump Visit, Opening 2024 Election Fight
WSJ 09/26/23
Five Clues to Where the UAW Strike Is Headed Next
WSJ 09/23/23
Battle Over Electric Vehicles Is Central to Auto Strike
NYTimes.com 09/17/23
Whatever the UAW Strike Outcome, Elon Musk Has Already Won
WSJ 09/16/23
Inflation in the U.S.- 2010-2012
11/18/2010
Grouped Articles
Wall Street Journal 11/18/10
Wall Street Journal 02/05/11
Wall Street Journal 02/18/11
Inflation inflicting pain, as wages fail to keep pace with price hikes - The Washington Post
Washington Post 04/05/11
Wall Street Journal 04/26/11
Whoa Baby, Prices Are Jumping for Diapers, Other Family Basics
Wall Street Journal 04/26/11
GM (General Motors) in 2010-2012
11/04/2010
Grouped Articles
GM Sees Profit but Warns of Pressure
Wall Street Journal 11/04/10
G.M. Names Mary Barra to Oversee Product Development
New York Times 01/20/11
Pendulum Swings Back Toward Detroit
Wall Street Journal 05/03/11
GM Roars, but Road Ahead Uncertain
Wall Street Journal 05/05/11
For Investors, the Shine Is Off the New GM
BusinessWeek 04/14/11
Wall Street Journal 08/05/11
Low interest rates and Fed policy in 2010-2012
10/02/2010
Grouped Articles
New York Times 10/16/14
Enough With the Low Interest Rates!
Wall Street Journal 10/02/10
Wall Street Journal 10/25/10
Wall Street Journal 10/26/10
Opinions Are Split on Fed Policy Move
Wall Street Journal 11/01/10
Ben S. Bernanke - What the Fed did and why: supporting the recovery and sustaining price stability
Washington Post 11/04/10
Need to roll over short term debt of close to $4 trillion will limit growth in the U.S. and Europe.
07/11/2010
A trend to short term borrowing and the competing role of banks and sovereign governments in bond issuance, is likely to put additional stress on capital markets worldwide. This is true especially in Europe which has $2.6 trillion to roll over by 2012, according to analysts. The stress will ber greater on less healthy financial institutions in Europe.
Grouped Articles
Sovereign-debt managers: Rollover roulette
Economist 10/16/10
How Righteousness Killed the World Economy
New York Times 10/12/14
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/10
New Doubts on EU Bank Stress Tests
Wall Street Journal 07/20/10
New York Times 08/21/10
Tom Keene Talks with David Stockman
BusinessWeek 08/12/10
U.S. Budget Deficit: 2010-2012
06/01/2010
Increasing concern about the deficit and efforts to cut the deficit.
Grouped Articles
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/14
U.S. Annual Budget Deficit Smallest in Nearly Seven Years
Wall Street Journal 06/11/15
Jobs Bill vs. Deficit, a Showdown in the Senate
New York Times 06/01/10
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/10
Bush Tax Cuts: Now That's Rich
New York Times 08/22/10
Alice Rivlin's Bid to Cut the Deficit
BusinessWeek 10/21/10
The Japanese economy and the rising yen in 2010-2012
05/27/2010
The yen reached 86 yen to the dollar by August 2010. Chinese government accumulation of Japanese bonds was amajor factor in the yen's rise in 2010. By August 2011 the yen experienced a new surge going up to 78 yen to the U.S. dollar resulting in intervention by the Bank of Japan in currency markets. Investor flight to safe havens such as the Swiss Franc and the Japanese yen with the debt crisis in the U.S. and the Eurozone. The impact on export markets. The newly elected LDP government of Shinzo took strong action to reverse this and improve export competitiveness in 2013.
Grouped Articles
Japan's Yen Rises Above War Jitters, Deflation
BusinessWeek 05/27/10
Japan Faces Uphill Battle in Curbing Yen's Rise
Wall Street Journal 08/04/10
Behind Japan's Allure: Stagnancy
Wall Street Journal 08/24/10
Electric Cars Make Japan's Gas Engine Industry Anxious
New York Times 11/02/10
Japanese manufacturers: Leaving home
Economist 11/20/10
Nissan to 'Significantly' Reduce Japan Exports
Wall Street Journal 02/01/11
IMF in the Eurozone financial crisis of 2010-2012
03/03/2010
Aid package to Greece and funds for other eurozone countries. The IMF's involvement in protecting the eurozone.
Grouped Articles
A Warning Light to Alert the I.M.F.
New York Times 09/21/11
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/13
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/13
Wall Street Journal 03/03/10
Greece Can Learn IMF Austerity from Turkey
BusinessWeek 05/27/10
Past Rifts Over Greece Cloud Talks on Rescue
Wall Street Journal 10/07/13
Growing Risks for the U.S. Economy in 2010-2012.
01/04/2010
Risks of another hit from losses on home equity loans to bank balance sheets in latter part of 2010. The situation with local and state governments in the USA cutting back significantly. The situation in Europe and an overheating Chinese economy.
Grouped Articles
The Home-Equity Hurt Ahead for Banks
BusinessWeek 04/14/10
Beware a Bernanke-Fueled Market Bubble
BusinessWeek 05/13/10
Don't Rule Out a Double Dip Recession
Wall Street Journal 05/24/10
Wall Street Journal 05/22/10
Real Disposable Income: Bad News for Democrats?
BusinessWeek 06/03/10
Wall Street Journal 06/12/10
The failure and shrinking role of American Venture Capital- 2008-2012
04/08/2009
Grouped Articles
Venture Firms Narrow Sights in Tough Times
Wall Street Journal 02/03/13
Opening the Box on Tech Stocks' Next Move
Wall Street Journal 04/10/14
Start-Up Gets Course in Survival
New York Times 04/08/09
How Venture Capital Lost Its Way
BusinessWeek 11/19/09
Ditching the Courtroom for California Pizza Kitchen
Wall Street Journal 12/28/09
Start-Ups Will Keep Struggling in 2010
Wall Street Journal 01/05/10
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